CORPORATE
ANNOUNCEMENTS
Atlas sets up materials exposing site near Chennai
Atlas Weathering Services Group, a division of the US-based Atlas Material Testing Technology, has set up an outdoor materials exposing site at Uttiramerur, about 70 km from Chennai, primarily to serve Indian clients.At such a site, ...
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OPEN OFFERS
UB gets SEBI nod for open offer
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CORPORATE DISPUTES
Bajaj brothers seek more time from CLB
New Delhi, Aug. 30 The legal tussle between the Bajaj brothers, Mr Rahul Bajaj and Mr Shishir Bajaj, over the division of the group might be heading for an out-of-court settlement as both the sides sought another day from the Company Law Board ...
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Expedite hearing: Reliance, NTPC
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DIVIDEND ANNOUNCEMENT
Prajay Engineers to pay Rs 2.5
Prajay Engineers Syndicate Ltd has informed the BSE that its board of directors has approved a dividend of 25 per cent or Rs 2.50 per share for the year 2006-07. The board at its meeting on August 28, also approved notice of the 13th annual ...
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NEW BUSINESS
BHEL bags Rs 1,990-cr order
Bharat Heavy Electricals Ltd (BHEL) has won an order for the supply and installation of the steam generator and steam turbine packages at the upcoming Vallur Thermal Power Project at Ennore in Tamil Nadu involving two units of 500 MW each. Valued ...
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IVRCL Infra bags Rs 320-cr order
IVRCL Infrastructures & Projects Ltd, the Hyderabad-based infrastructure company, has won contracts worth Rs 320.21 crore for irrigation works by the Rajasthan Government. The company has in a press release said that the major works relate to ...
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MERGERS & ACQUISITIONS
Apollo Health buys US’ Zavata for Rs 697 cr
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Sun TV picks 48.9% stake in Red FM
Coimbatore, Aug. 30 Sun TV Network Ltd, in an effort to expand its FM radio broadcasting business in the North, West and Eastern markets in the country, has entered into a strategic alliance with Red FM, which has a significant presence in ...
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SREI Infra to buy 76% in AP Govt venture fund
SREI Infrastructure Finance Ltd will pick up a majority stake of 76 per cent equity in a Andhra Pradesh Government-promoted Venture Fund. An agreement with the shareholders in the venture fund titled Hitvel was signed by the ...
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Norsk Hydro takes 10% stake in ONGC’s KG block
Has option on picking 10% more after commerciality
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Panasonic AVC gets nod for open offer
Mumbai, Aug 30 The shareholders of Panasonic AVC Networks India Ltd have approved the proposal of Matsushita Electric Industrial Co Ltd (MEI) to acquire up to 17.26 per cent of the shares held by the public and consequently delist the company ...
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NEW PROJECTS
Grupo Omnilife plans India subsidiary
New Delhi, Aug 30 Mexican nutritional supplement company Grupo Omnilife SA de CV is proposing to establish 100 per cent subsidiary in India to initially market, and subsequently manufacture proprietary nutritional food supplements and cosmetic ...
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REGULATORY BODIES & RULINGS
Zydus Cadila files IND application
Zydus Cadila has filed an Investigational New Drug (IND) application for seeking the Drug Controller-General of India’s (DCGI) permission to conduct clinical trials for its New Molecular Entity (NME), ZYH7, a drug candidate for treating ...
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TRADE & LABOUR UNIONS
Bajaj workers upset over Akurdi closure
‘Sit at home and get paid’ offer fires the issue
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ALLIANCES & JOINT VENTURES
Phoenix Mills to operate Shangri-La’s hotel in Mumbai
Mumbai, Aug 30 Phoenix Mills Limited through its wholly owned subsidiary, Pallazzio Hotel and Leisure Ltd, has signed a hotel management agreement with Hong Kong-based Shangri-La Hotels and Resorts to operate their upcoming hotel in Mumbai. ...
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SOCIETY & DEVELOPMENT
Reliance agrees to consider adopting Gadimoga village
Reliance Industries, constructing an onshore gas terminal at Gadimoga village in the Tallarevu mandal of East Godavari district, has conceded to some of the demands voiced by Mr G.V. Harshakumar, Member of the Lok Sabha from Amalapuram ...
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OUTLOOK
Alkem Labs sees potential in health foods segment
Mumbai, Aug. 30 A healthy basket of sugar-free cookies, jellies and fat-free oils are just some of the products on Alkem Laboratories’ 80-year-plus Chairman, Mr Samprada Singh’s plate. He has set an aggressive target of doubling ...
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IGL to lay pipeline for city gas distribution in Noida
Indraprastha Gas Ltd (IGL) is expected to start laying the pipeline network for city gas distribution (CGD) in Noida beginning September. The project was stalled midway in 2005 after the previous government in Uttar Pradesh allowed Gujarat ...
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SMOT starts PG programme
SMOT, a business school, will launch its Post Graduate Program in Management on September 5 at its Chennai campus with its first batch of 50 students. According to a press release, SMOT plans to commission a second campus at Hyderabad in ...
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